Category: Pensions

The result of a ballot for strikes by Royal Mail workers in a bitter dispute over pensions, pay and jobs will be announced on Tuesday. About 110,000 members of the Communication Workers Union (CWU) have been voting on whether to... Read more

One in five parents with adult children have used cash originally intended for their pension to help their offspring, a survey has found. Some 19% of those surveyed for Prudential had taken money out of their pension fund or sacrificed... Read more

Pensioner household incomes have overtaken those of working age equivalents for the first time, a new study found. Elderly spending power has been boosted by a new wave of pensioners who tend to still be in work, own a home... Read more

Sir Philip Green is facing fresh pressure to “sort” the BHS pensions black hole from MPs who revealed that nearly 1,600 workers are already feeling a 10% cut in their payments. Commons Work and Pensions Committee chairman Frank Field published... Read more

The triple lock safeguard on state pensions could be under threat after 2020, it has been suggested. The mechanism guarantees that the state pension rises by a certain level – which means it increases annually by the highest of average... Read more

More than 13 million workers across Britain could be heading for a shortfall in the amount of pension they need for an adequate income, according to analysis. The Pensions and Lifetime Savings Association (PLSA), which released the findings, said minimum... Read more

MPs have raised the prospect that Sir Philip Green’s multi million pound super yacht and other assets could be seized to help plug the hole in the BHS pension fund. The chairman of the Commons Work and Pensions Committee Frank... Read more

The triple-lock safeguard on state pensions is “inherently unsustainable” and should be scrapped, according to a report from MPs. The Commons Work and Pensions Committee said the triple-lock will worsen an economy which is already heavily “skewed” towards baby boomers... Read more

Sir Philip Green faces being forced to pay towards BHS pensions because an official watchdog has yet to receive a “sufficiently credible and comprehensive offer” to plug a £571 million black hole in the scheme. The Pensions Regulator has begun... Read more